Facts About Money

Here are some facts about money.  *U.S. paper money is not paper at all, it is 75 percent cotton and 25 percent linen. In Benjamin Franklin’s days, people repaired torn bills with a needle and thread.  *Every month the Federal Reserve Bank of Philadelphia sends 16 tons of old, cut up cash to an energy- from -waste plant in Chester Pennsylvania, to be burned.  The resulting steam produces electricity to power homes throughout the Delaware Valley.  *The lifespan of most currency bills is around four and a half years.  The $10 bill is the shortest lived note with the $100 bill being the longest bill that lasts for about 15 years.  *Two-dollar bills are seen as a rarity, however, there are more than 1.1 billion of them in circulation.  You can ask for them at most local banks and they will have them available.  *A quarter has 119 grooves around its edge, a dime has 118 grooves. The grooves were added to make it difficult for people to file down the edges in order to sell the shavings as precious metals.  *It costs more than a penny to make a penny.  The U.S. Mint says it costs 1.7 cents per coin.  *The U.S. Bureau of Engraving and Printing prints 32.2 million currency notes each day.  *It takes around 4,000 double folds-forward then backward before a bill will tear.  *There are 293 ways to make change for a dollar-have some time to spare?  De Hart Plumbing Heating and CFacts About Moneyooling, serving Manhattan Kansas, Junction City Kansas, Topeka Kansas and some surrounding areas. 

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